Memorandum from John Barnes, 27 May 1803
Memorandum from John Barnes
Geo Town 27th May 1803
Memdm
In J Barnes’s estimates on his Monthly Balances, in Order to Ascertain a reasonable Compensation of 6 ⅌ Cent. in Conformity, to the Presidents request, JB have endeavoured, nearly as the several Accts. & Statemts. here Annexed will admit—(allowing for some few, irregularities—making—as well for—as against, the Actual—or exact, debits & Credits.)—that, comparing the total Amt charged say $311 50/ on the several Monthly Balances—with the Average—in the gross Amt. of Balances—say, $308.10. So nearly corrisponding, that JB. flatters himself—will be found pretty Correct, up to the 8 May and ending 8th June. differing only $3 40/ in favor of the Average estimate.—
Summary Estimate, | On the Presidents Monthly Balances Compared with the Average on their gross Amt. |
Mar. 31. 1801 | to 30t Jany 1802. | for 10 Mos. on | $16,260. | 95. | ⅌ a/c | $89. | " |
Jany. 30 1802. | to 10t Jany. 1803 | for 12 Mos. on | 32,326. | 66. | do | 158. | 50 |
" 10. 1803 | to 8 May | for 4 Mos. on | 13 031. | " | do | 64. | " |
for 26 Mos. | 61,618. | 61 | 311. | 50 | |||
NB the Average on $61,618. for 26 Mos. say $2370 a 11.85 ⅌ Mo. is | 308. | 10 | |||||
differs only. | 3. | 40. |
Errors Excepted.
J Barnes.
RC (ViU); endorsed by Barnes: “Estimate of the Presidents Monthly Statements and Balances—from 31 March 1801. to—8 May, and Ending 8 June—1803 with 6 ⅌ Ct Int thereon Amotg to $311 50/.”